Universal Insurance (UVE) Financials

$38.12 +0.02 (+0.06%)

Closing price 06/18/2026 03:59 PM Eastern

Extended Trading

$38.72 +0.60 (+1.58%)

As of 06/18/2026 05:27 PM Eastern

Annual Income Statements for Universal Insurance

This table shows Universal Insurance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	106	99	107	117	47	19	20	-22	67	292	183
Consolidated Net Income / (Loss)	106	99	107	117	47	19	20	-22	67	59	183
Net Income / (Loss) Continuing Operations	106	99	107	117	47	19	20	-22	67	292	183
Total Pre-Tax Income	175	163	170	153	64	24	28	-27	88	85	243
Total Revenue	547	685	809	873	918	1,049	1,121	1,216	1,385	1,514	1,597
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	-0.10	-0.64	-6.61	-6.53	-6.48	-6.42
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.10	0.64	6.61	6.53	6.48	6.42
Long-Term Debt Interest Expense	-	-	-	-	-	0.10	0.64	6.61	6.53	6.48	6.42
Total Non-Interest Income	547	685	809	873	918	1,049	1,122	1,223	1,392	1,521	1,604
Other Service Charges	36	24	28	30	34	42	72	81	80	80	90
Net Realized & Unrealized Capital Gains on Investments	6.22	12	16	5.56	41	84	14	13	59	68	75
Premiums Earned	504	632	745	838	843	924	1,035	1,129	1,252	1,373	1,439
Total Non-Interest Expense	372	522	638	720	854	1,025	1,093	1,243	1,297	1,196	1,354
Property & Liability Insurance Claims	188	301	350	414	603	759	779	938	993	1,087	986
Insurance Policy Acquisition Costs	-	-	-	-	-	-	-	-	208	0.00	250
Other Operating Expenses	184	221	288	305	251	266	314	305	96	109	118
Income Tax Expense	69	63	64	36	17	5.13	8.01	-4.99	22	26	60
Basic Earnings per Share	$3.06	$2.85	$3.07	$3.36	$1.37	$0.60	$0.65	($0.72)	$2.24	$2.07	$6.56
Weighted Average Basic Shares Outstanding	34.80M	34.92M	34.84M	34.86M	33.89M	31.88M	31.22M	30.75M	29.83M	28.50M	27.89M
Diluted Earnings per Share	$2.97	$2.79	$2.99	$3.27	$1.36	$0.60	$0.65	($0.72)	$2.22	$2.01	$6.32
Weighted Average Diluted Shares Outstanding	35.88M	35.65M	35.81M	35.79M	34.23M	31.97M	31.31M	30.75M	30.15M	29.27M	28.96M
Weighted Average Basic & Diluted Shares Outstanding	34.80M	34.90M	34.80M	34.80M	32.69M	31.21M	31.24M	30.43M	28.97M	28.10M	28.01M
Cash Dividends to Common per Share	$0.63	$0.69	$0.69	$0.73	$0.77	$0.77	$0.77	$0.77	$0.77	$0.77	$0.77

This table shows Universal Insurance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-5.92	20	34	35	-16	6.02	41	35	40	67	54
Consolidated Net Income / (Loss)	-5.92	20	34	35	-16	6.02	41	35	40	67	54
Net Income / (Loss) Continuing Operations	-5.92	20	34	35	-16	6.02	41	35	40	67	54
Total Pre-Tax Income	-7.88	26	47	48	-18	7.35	55	46	53	88	72
Total Revenue	360	376	368	379	388	382	395	400	399	403	392
Net Interest Income / (Expense)	0.00	-3.27	0.00	-1.62	0.00	-3.24	0.00	0.00	-1.60	-4.82	-1.60
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	0.00	3.27	0.00	1.62	0.00	3.24	0.00	0.00	1.60	4.82	1.60
Long-Term Debt Interest Expense	-	-	-	1.62	-	-	-	-	1.60	-	1.60
Total Non-Interest Income	360	380	368	380	388	385	395	400	401	408	394
Other Service Charges	18	21	17	20	20	23	23	23	22	21	22
Net Realized & Unrealized Capital Gains on Investments	11	23	17	16	22	14	16	16	19	23	15
Premiums Earned	331	335	334	345	346	348	356	360	360	363	357
Total Non-Interest Expense	368	350	320	331	406	374	339	354	347	315	320
Property & Liability Insurance Claims	288	275	240	244	317	287	251	260	252	223	228
Insurance Policy Acquisition Costs	-	-	-	57	59	-	61	62	64	-	64
Other Operating Expenses	78	77	79	30	28	89	27	30	31	-30	28
Income Tax Expense	-1.96	5.90	14	12	-1.96	1.33	14	11	13	22	17
Basic Earnings per Share	($0.20)	$0.70	$1.17	$1.24	($0.57)	$0.23	$1.48	$1.25	$1.43	$2.40	$1.96
Weighted Average Basic Shares Outstanding	29.62M	29.83M	28.87M	28.60M	28.36M	28.50M	28.09M	27.97M	27.85M	27.89M	27.65M
Diluted Earnings per Share	($0.20)	$0.70	$1.14	$1.21	($0.57)	$0.23	$1.44	$1.21	$1.38	$2.29	$1.88
Weighted Average Diluted Shares Outstanding	29.62M	30.15M	29.40M	29.31M	28.36M	29.27M	28.78M	29.07M	28.81M	28.96M	28.83M
Weighted Average Basic & Diluted Shares Outstanding	29.19M	28.97M	28.76M	28.48M	28.29M	28.10M	28.14M	28.32M	28.05M	28.01M	27.91M
Cash Dividends to Common per Share	$0.16	$0.29	$0.16	$0.16	$0.16	$0.29	$0.16	$0.16	$0.16	$0.29	$0.16

This table details how cash moves in and out of Universal Insurance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	82	-91	108	-47	16	-4.87	73	138	8.60	-138	216
Net Cash From Operating Activities	219	121	245	230	85	29	234	325	71	137	381
Net Cash From Continuing Operating Activities	219	121	245	230	85	29	234	325	71	137	381
Net Income / (Loss) Continuing Operations	106	99	107	117	47	19	20	-22	67	59	183
Consolidated Net Income / (Loss)	106	99	107	117	47	19	20	-22	67	59	183
Provision For Loan Losses	0.61	0.41	0.50	0.00	0.45	-0.08	0.77	1.14	0.15	1.00	3.11
Depreciation Expense	2.03	3.24	4.06	4.82	4.96	5.11	6.91	7.30	7.31	6.12	6.44
Amortization Expense	2.35	3.63	4.00	1.48	1.66	4.63	9.79	8.83	7.27	4.46	1.33
Non-Cash Adjustments to Reconcile Net Income	11	9.03	2.82	-85	-9.99	-54	4.76	18	-7.28	0.81	3.15
Changes in Operating Assets and Liabilities, net	97	5.68	127	191	41	55	192	312	-3.31	66	185
Net Cash From Investing Activities	-83	-174	-86	-212	28	22	-229	-149	-15	-228	-114
Net Cash From Continuing Investing Activities	-83	-174	-86	-212	28	22	-229	-149	-15	-228	-114
Purchase of Property, Leasehold Improvements and Equipment	-12	-8.22	-4.62	-6.73	-11	-17	-7.23	-4.90	-4.02	-7.37	-4.44
Purchase of Investment Securities	-338	-392	-287	-470	-224	-1,191	-506	-277	-185	-391	-460
Sale of Property, Leasehold Improvements and Equipment	0.09	0.04	0.02	0.04	0.04	0.18	0.16	0.10	0.04	0.11	0.04
Sale and/or Maturity of Investments	267	226	206	264	263	1,230	283	133	173	170	351
Net Cash From Financing Activities	-55	-38	-52	-65	-97	-56	68	-37	-47	-47	-52
Net Cash From Continuing Financing Activities	-55	-38	-52	-65	-97	-56	68	-37	-47	-47	-52
Repayment of Debt	-8.47	-2.14	-2.17	-1.47	-1.47	-1.47	-4.84	-1.61	-1.47	-1.47	-1.47
Repurchase of Common Equity	-19	-8.51	-18	-25	-66	-29	-1.61	-12	-22	-22	-22
Payment of Dividends	-22	-24	-24	-26	-26	-25	-24	-24	-23	-22	-22
Other Financing Activities, Net	-6.32	-6.49	-7.22	-13	-3.47	-1.32	-1.06	-0.42	-0.34	-1.42	-6.11
Cash Interest Paid	0.96	0.42	0.35	0.35	0.25	0.10	0.13	5.80	5.82	5.77	5.71
Cash Income Taxes Paid	65	69	69	42	40	1.41	1.41	17	9.71	28	36

This table details how cash moves in and out of Universal Insurance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-18	58	-83	-72	-83	101	-48	-71	-24	359	-34
Net Cash From Operating Activities	69	0.34	83	73	83	-101	187	106	62	26	155
Net Cash From Continuing Operating Activities	-	71	0.98	48	-50	140	0.00	-	-	381	0.00
Net Income / (Loss) Continuing Operations	-	67	0.98	48	-50	61	0.00	-	-	183	0.00
Net Cash From Investing Activities	0.93	-0.79	-74	-110	-23	-21	-42	-59	-8.69	-4.41	-20
Net Cash From Continuing Investing Activities	0.93	-0.79	-74	-110	-23	-21	-42	-59	-8.69	-4.41	-20
Purchase of Property, Leasehold Improvements and Equipment	-1.01	-1.15	-3.30	-1.52	-1.66	-0.89	-1.23	-0.98	-1.16	-1.08	-1.58
Purchase of Investment Securities	-39	-49	-111	-145	-96	-39	-77	-151	-120	-112	-131
Sale of Property, Leasehold Improvements and Equipment	0.01	0.01	0.05	0.04	0.01	0.01	0.01	0.00	0.01	0.02	0.04
Sale and/or Maturity of Investments	41	49	39	37	75	19	37	93	112	109	112
Net Cash From Financing Activities	-17	-13	-9.52	-10	-9.32	-18	-6.48	-12	-15	-18	-14
Net Cash From Continuing Financing Activities	-17	-13	-9.52	-10	-9.32	-18	-6.48	-12	-15	-18	-14
Repayment of Debt	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37	-0.37
Repurchase of Common Equity	-12	-3.64	-4.51	-5.26	-4.44	-7.72	0.00	-7.43	-8.07	-6.87	-7.15
Payment of Dividends	-4.80	-8.60	-4.64	-4.64	-4.52	-8.53	-4.84	-4.52	-4.46	-8.35	-4.91
Other Financing Activities, Net	-	-0.03	0.00	-	-0.00	-1.42	-1.27	-0.02	-2.35	-2.47	-1.71

This table presents Universal Insurance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	994	173	289	1,858	1,720	1,759	2,056	2,890	2,317	2,842	2,840
Cash and Due from Banks	197	106	213	166	182	167	251	389	397	259	409
Restricted Cash	2.64	2.64	2.64	2.64	2.64	13	2.64	2.64	2.64	2.64	69
Trading Account Securities	458	-	-	884	899	905	1,088	1,100	1,145	1,347	1,516
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	33	-	-	59	57	69	60	57	53	57	55
Unearned Premiums Asset	166	-	-	621	432	443	492	352	532	968	600
Deferred Acquisition Cost	60	65	73	85	92	111	109	104	110	121	129
Other Assets	77	-	-	40	55	52	55	886	76	87	62
Total Liabilities & Shareholders' Equity	994	534	781	1,858	1,720	1,759	2,056	2,890	2,317	2,842	2,840
Total Liabilities	700	534	781	1,357	1,226	1,309	1,626	2,602	1,975	2,469	2,289
Non-Interest Bearing Deposits	25	-	-	26	31	50	54	55	49	46	62
Long-Term Debt	24	-	-	11	9.93	8.46	104	103	102	101	100
Claims and Claim Expense	99	58	248	473	268	322	346	1,039	510	959	681
Unearned Premiums Liability	442	476	532	602	661	783	858	944	991	1,060	1,092
Other Long-Term Liabilities	110	-	-	242	256	146	265	462	324	301	354
Commitments & Contingencies	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	293	0.00	0.00	502	494	449	430	288	341	373	551
Total Preferred & Common Equity	293	0.00	0.00	502	494	449	430	288	341	373	551
Preferred Stock	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	293	0.00	0.00	502	494	449	430	288	341	373	551
Common Stock	71	-	-	87	97	104	109	113	116	122	125
Retained Earnings	307	-	-	553	574	568	564	517	561	597	757
Treasury Stock	-81	-	-	-130	-197	-226	-227	-239	-261	-283	-305
Accumulated Other Comprehensive Income / (Loss)	-4.01	-	-	-8.01	20	3.34	-16	-104	-74	-63	-26

This table presents Universal Insurance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,127	2,551	2,918	2,559	2,120	2,679	2,651	2,715	3,276	3,090	2,769
Cash and Due from Banks	307	330	292	344	396	283	334	398	367	405	596
Restricted Cash	2.70	2.64	69	69	2.64	69	69	2.64	69	69	2.64
Trading Account Securities	1,079	1,119	1,127	1,109	1,189	1,291	1,368	1,404	1,488	1,510	1,521
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	59	56	55	54	55	55	55	57	56	55	55
Unearned Premiums Asset	532	189	1,195	791	162	663	641	649	1,105	547	395
Deferred Acquisition Cost	112	98	107	115	107	117	125	116	125	133	126
Other Assets	1,035	756	73	77	208	200	58	89	66	370	75
Total Liabilities & Shareholders' Equity	3,127	2,551	2,918	2,559	2,120	2,679	2,651	2,715	3,276	3,090	2,769
Total Liabilities	2,866	2,229	2,583	2,257	1,755	2,285	2,250	2,292	2,818	2,595	2,185
Non-Interest Bearing Deposits	78	92	91	76	74	73	72	82	84	79	87
Long-Term Debt	103	103	102	102	102	102	101	101	101	101	100
Claims and Claim Expense	1,154	870	663	551	430	345	460	894	766	683	669
Unearned Premiums Liability	992	899	982	1,040	955	1,042	1,109	1,014	1,088	1,146	1,067
Other Long-Term Liabilities	540	265	745	488	195	723	508	201	780	586	262
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	261	322	335	302	365	393	400	422	458	495	585
Total Preferred & Common Equity	261	322	335	302	365	393	400	422	458	495	585
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	261	322	335	302	365	393	400	422	458	495	585
Common Stock	112	114	115	116	117	119	121	122	124	125	124
Retained Earnings	501	537	560	549	590	620	599	634	664	699	807
Treasury Stock	-237	-239	-245	-257	-265	-271	-275	-283	-290	-298	-312
Accumulated Other Comprehensive Income / (Loss)	-116	-90	-96	-107	-77	-76	-46	-51	-41	-31	-35

This table displays calculated financial ratios and metrics derived from Universal Insurance's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	28,048,881.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	28,048,881.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	6.52
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.00%	25.39%	17.99%	7.94%	5.16%	14.29%	6.89%	8.46%	13.90%	9.31%	5.51%
EBITDA Growth	36.17%	-5.38%	5.18%	-10.85%	-55.94%	-51.57%	32.81%	-124.66%	1,025.41%	-7.52%	-23.67%
EBIT Growth	37.16%	-6.94%	4.67%	-10.33%	-58.45%	-61.85%	17.26%	-195.90%	424.25%	-4.23%	-23.58%
NOPAT Growth	45.89%	-6.64%	7.57%	9.46%	-60.26%	-58.93%	6.82%	-193.46%	450.36%	-11.81%	210.47%
Net Income Growth	45.89%	-6.64%	7.57%	9.46%	-60.26%	-58.93%	6.82%	-209.07%	400.23%	-11.81%	210.47%
EPS Growth	42.79%	-6.06%	7.17%	9.36%	-58.41%	-55.88%	8.33%	-210.77%	408.33%	-9.46%	214.43%
Operating Cash Flow Growth	77.77%	-44.64%	101.83%	-6.08%	-63.24%	-65.31%	698.62%	38.46%	-78.13%	93.54%	177.74%
Free Cash Flow Firm Growth	7.04%	1,900.42%	-69.43%	-473.52%	106.28%	17.05%	-184.73%	323.77%	-88.53%	95.54%	-78.63%
Invested Capital Growth	27.10%	-213.82%	-36.21%	204.34%	-1.79%	-9.15%	16.53%	-26.76%	13.47%	7.04%	37.31%
Revenue Q/Q Growth	11.78%	2.47%	10.89%	0.85%	-10.65%	-33.40%	147.42%	2.30%	3.82%	0.35%	1.47%
EBITDA Q/Q Growth	9.35%	-9.72%	32.63%	-28.53%	-42.19%	-94.46%	107.98%	89.89%	27.52%	-7.73%	54.88%
EBIT Q/Q Growth	6.68%	-13.38%	26.64%	-31.36%	-47.65%	-96.05%	105.03%	75.22%	9.45%	-17.98%	50.08%
NOPAT Q/Q Growth	8.32%	-13.49%	27.01%	-26.82%	-48.93%	253.13%	-59.87%	78.12%	-7.11%	-19.18%	49.49%
Net Income Q/Q Growth	8.32%	-13.49%	27.01%	-26.80%	-48.95%	233.67%	-59.87%	76.69%	-7.11%	-19.18%	49.49%
EPS Q/Q Growth	8.00%	-13.35%	27.23%	-27.01%	-48.29%	287.50%	-60.61%	76.70%	-5.93%	-18.95%	48.36%
Operating Cash Flow Q/Q Growth	2,176.82%	-44.64%	-39.89%	25.56%	35.92%	-85.44%	80.59%	76.79%	-58.74%	-42.54%	50.15%
Free Cash Flow Firm Q/Q Growth	1,185.32%	1,775.27%	508.39%	-1,841.82%	2.07%	-21.63%	-268.38%	143.19%	-55.45%	210.63%	-79.09%
Invested Capital Q/Q Growth	0.61%	-192.88%	-213.35%	-5.48%	-13.02%	-5.35%	6.33%	7.44%	9.81%	-5.42%	9.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	32.83%	24.77%	22.08%	18.24%	7.64%	3.24%	4.02%	-0.91%	7.43%	6.29%	15.70%
EBIT Margin	32.02%	23.77%	21.08%	17.52%	6.92%	2.31%	2.53%	-2.24%	6.38%	5.59%	15.22%
Profit (Net Income) Margin	19.48%	14.51%	13.22%	13.41%	5.07%	1.82%	1.82%	-1.83%	4.82%	3.89%	11.45%
Tax Burden Percent	60.84%	61.03%	62.72%	76.57%	73.23%	78.85%	71.82%	81.69%	75.64%	69.65%	75.27%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	39.16%	38.97%	37.28%	23.43%	26.77%	21.15%	28.18%	0.00%	24.36%	30.35%	24.73%
Return on Invested Capital (ROIC)	37.58%	0.00%	0.00%	1,096.96%	9.15%	3.97%	4.12%	-4.13%	16.03%	12.84%	32.50%
ROIC Less NNEP Spread (ROIC-NNEP)	37.58%	0.00%	0.00%	1,096.96%	9.15%	3.97%	4.12%	-7.21%	16.03%	12.84%	32.50%
Return on Net Nonoperating Assets (RNNOA)	4.01%	0.00%	0.00%	-1,050.29%	0.20%	0.08%	0.53%	-2.08%	5.22%	3.65%	7.09%
Return on Equity (ROE)	41.59%	67.84%	0.00%	46.67%	9.34%	4.05%	4.64%	-6.20%	21.24%	16.49%	39.59%
Cash Return on Invested Capital (CROIC)	13.72%	0.00%	0.00%	-173.02%	10.96%	13.56%	-11.15%	26.76%	3.40%	6.04%	1.05%
Operating Return on Assets (OROA)	18.37%	27.92%	73.73%	14.24%	3.55%	1.39%	1.49%	-1.10%	3.39%	3.28%	8.56%
Return on Assets (ROA)	11.18%	17.04%	46.25%	10.90%	2.60%	1.10%	1.07%	-0.90%	2.57%	2.28%	6.44%
Return on Common Equity (ROCE)	40.05%	67.84%	0.00%	46.67%	9.34%	4.05%	4.64%	-6.20%	21.24%	16.49%	39.59%
Return on Equity Simple (ROE_SIMPLE)	36.33%	0.00%	0.00%	23.33%	9.42%	4.25%	4.75%	-7.73%	19.58%	15.79%	33.20%
Net Operating Profit after Tax (NOPAT)	106	99	107	117	47	19	20	-19	67	59	183
NOPAT Margin	19.48%	14.51%	13.22%	13.41%	5.07%	1.82%	1.82%	-1.57%	4.82%	3.89%	11.45%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.08%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	67.98%	76.23%	78.92%	82.48%	93.08%	97.69%	97.47%	102.24%	93.62%	94.41%	84.78%
Earnings before Interest and Taxes (EBIT)	175	163	170	153	64	24	28	-27	88	85	243
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	179	170	179	159	70	34	45	-11	103	95	251
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.01	0.00	0.00	2.04	1.49	0.87	1.08	1.03	1.32	1.60	1.72
Price to Tangible Book Value (P/TBV)	2.01	0.00	0.00	2.04	1.49	0.87	1.08	1.03	1.32	1.60	1.72
Price to Revenue (P/Rev)	1.08	1.07	0.88	1.17	0.80	0.37	0.41	0.24	0.32	0.39	0.59
Price to Earnings (P/E)	5.52	7.36	6.67	8.74	15.84	20.56	22.66	0.00	6.72	10.11	5.18
Dividend Yield	2.91%	2.63%	2.66%	2.05%	2.88%	5.11%	4.11%	6.57%	3.96%	3.66%	2.28%
Earnings Yield	18.12%	13.58%	15.00%	11.44%	6.31%	4.86%	4.41%	0.00%	14.87%	9.89%	19.30%
Enterprise Value to Invested Capital (EV/IC)	1.30	0.00	0.00	1.69	1.12	0.48	0.59	0.02	0.34	0.92	0.88
Enterprise Value to Revenue (EV/Rev)	0.75	0.91	0.61	0.99	0.61	0.21	0.28	0.01	0.11	0.29	0.36
Enterprise Value to EBITDA (EV/EBITDA)	2.30	3.67	2.78	5.44	8.01	6.52	6.94	0.00	1.47	4.57	2.28
Enterprise Value to EBIT (EV/EBIT)	2.36	3.83	2.92	5.66	8.85	9.13	11.02	0.00	1.71	5.14	2.35
Enterprise Value to NOPAT (EV/NOPAT)	3.87	6.27	4.65	7.39	12.08	11.58	15.34	0.00	2.27	7.38	3.12
Enterprise Value to Operating Cash Flow (EV/OCF)	1.88	5.14	2.03	3.76	6.64	7.54	1.34	0.03	2.13	3.17	1.50
Enterprise Value to Free Cash Flow (EV/FCFF)	10.60	0.80	2.09	0.00	10.09	3.39	0.00	0.07	10.67	15.68	96.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.00	0.00	0.02	0.02	0.02	0.24	0.36	0.30	0.27	0.18
Long-Term Debt to Equity	0.08	0.00	0.00	0.02	0.02	0.02	0.24	0.36	0.30	0.27	0.18
Financial Leverage	0.11	-1.15	0.00	-0.96	0.02	0.02	0.13	0.29	0.33	0.28	0.22
Leverage Ratio	3.72	3.98	0.00	4.28	3.59	3.69	4.34	6.89	8.28	7.22	6.15
Compound Leverage Factor	3.72	3.98	0.00	4.28	3.59	3.69	4.34	6.89	8.28	7.22	6.15
Debt to Total Capital	7.58%	0.00%	0.00%	2.22%	1.97%	1.85%	19.44%	26.31%	23.01%	21.34%	15.42%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	7.58%	0.00%	0.00%	2.22%	1.97%	1.85%	19.44%	26.31%	23.01%	21.34%	15.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	92.42%	0.00%	0.00%	97.78%	98.03%	98.15%	80.56%	73.69%	76.99%	78.66%	84.58%
Debt to EBITDA	0.13	0.00	0.00	0.07	0.14	0.25	2.30	-9.24	0.99	1.06	0.40
Net Debt to EBITDA	-0.98	0.00	0.00	-0.99	-2.49	-5.05	-3.31	25.94	-2.89	-1.69	-1.50
Long-Term Debt to EBITDA	0.13	0.00	0.00	0.07	0.14	0.25	2.30	-9.24	0.99	1.06	0.40
Debt to NOPAT	0.23	0.00	0.00	0.10	0.21	0.44	5.08	-5.39	1.53	1.72	0.55
Net Debt to NOPAT	-1.65	0.00	0.00	-1.35	-3.76	-8.97	-7.32	15.13	-4.46	-2.73	-2.06
Long-Term Debt to NOPAT	0.23	0.00	0.00	0.10	0.21	0.44	5.08	-5.39	1.53	1.72	0.55
Noncontrolling Interest Sharing Ratio	3.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	39	778	238	-888	56	65	-55	124	14	28	5.93
Operating Cash Flow to CapEx	1,860.91%	1,482.79%	5,332.10%	3,436.45%	750.25%	172.29%	3,317.92%	6,757.91%	1,784.54%	1,891.98%	8,674.24%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	686.46	-86.60	18.71	2.17	4.28	0.92
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	308.93	367.36	49.10	10.87	21.21	59.40
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	129.62	356.29	48.38	10.26	20.09	58.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	1.17	3.50	0.81	0.51	0.60	0.59	0.49	0.53	0.59	0.56
Fixed Asset Turnover	21.67	0.00	0.00	0.00	15.77	16.69	17.48	20.84	25.12	27.50	28.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	317	-361	-492	513	504	458	533	391	443	474	652
Invested Capital Turnover	1.93	-31.27	-1.90	81.79	1.81	2.18	2.26	2.63	3.32	3.30	2.84
Increase / (Decrease) in Invested Capital	68	-678	-131	1,005	-9.20	-46	76	-143	53	31	177
Enterprise Value (EV)	412	624	497	865	562	221	313	8.51	151	435	571
Market Capitalization	588	732	713	1,023	737	393	462	297	449	596	948
Book Value per Share	$8.23	$0.00	$0.00	$14.36	$14.87	$14.34	$13.79	$9.44	$11.69	$13.20	$19.65
Tangible Book Value per Share	$8.23	$0.00	$0.00	$14.36	$14.87	$14.34	$13.79	$9.44	$11.69	$13.20	$19.65
Total Capital	317	0.00	0.00	513	504	458	533	391	443	474	652
Total Debt	24	0.00	0.00	11	9.93	8.46	104	103	102	101	100
Total Long-Term Debt	24	0.00	0.00	11	9.93	8.46	104	103	102	101	100
Net Debt	-176	-108	-216	-158	-175	-171	-149	-289	-298	-161	-377
Capital Expenditures (CapEx)	12	8.19	4.60	6.70	11	17	7.06	4.80	3.98	7.26	4.40
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.18	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	24	-361	-492	11	9.93	8.46	104	103	102	101	100
Total Depreciation and Amortization (D&A)	4.39	6.87	8.06	6.30	6.62	9.74	17	16	15	11	7.78
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.06	$2.85	$3.07	$3.36	$1.37	$0.60	$0.65	($0.72)	$2.24	$2.07	$6.56
Adjusted Weighted Average Basic Shares Outstanding	34.80M	34.92M	34.84M	34.86M	33.89M	31.88M	31.22M	30.75M	29.83M	28.50M	27.89M
Adjusted Diluted Earnings per Share	$2.97	$2.79	$2.99	$3.27	$1.36	$0.60	$0.65	($0.72)	$2.22	$2.01	$6.32
Adjusted Weighted Average Diluted Shares Outstanding	35.88M	35.65M	35.81M	35.79M	34.23M	31.97M	31.31M	30.75M	30.15M	29.27M	28.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.37	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.11M	35.17M	34.86M	34.90M	32.69M	31.21M	31.24M	30.43M	28.97M	28.10M	28.01M
Normalized Net Operating Profit after Tax (NOPAT)	106	99	107	117	47	19	20	-19	67	59	183
Normalized NOPAT Margin	19.48%	14.51%	13.22%	13.41%	5.07%	1.82%	1.82%	-1.57%	4.82%	3.89%	11.45%
Pre Tax Income Margin	32.02%	23.77%	21.08%	17.52%	6.92%	2.31%	2.53%	-2.24%	6.38%	5.59%	15.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	255.06	44.53	-4.12	13.53	13.07	37.85
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	201.11	31.99	-2.89	10.23	9.10	28.49
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	75.76	33.46	-4.85	12.92	11.94	37.16
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	21.80	20.91	-3.61	9.62	7.98	27.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.94%	24.35%	22.45%	21.80%	56.15%	128.54%	118.59%	-106.86%	34.85%	37.89%	12.12%
Augmented Payout Ratio	38.45%	32.91%	39.42%	43.39%	198.44%	279.92%	126.48%	-159.17%	67.81%	75.07%	24.35%

This table displays calculated financial ratios and metrics derived from Universal Insurance's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	28,048,881.00	28,008,189.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	28,048,881.00	28,008,189.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	2.37	1.94
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.10%	15.67%	17.91%	12.51%	7.19%	1.39%	7.31%	5.69%	3.05%	6.09%	-0.73%
EBITDA Growth	92.77%	41.77%	44.81%	31.94%	-190.15%	-71.64%	16.21%	0.19%	419.78%	-63.27%	25.63%
EBIT Growth	90.88%	41.77%	44.81%	27.61%	-130.07%	-71.64%	16.79%	-3.17%	391.22%	-63.27%	29.28%
NOPAT Growth	91.55%	-20.36%	39.23%	23.98%	-130.07%	-69.91%	23.12%	-0.91%	413.97%	1,006.50%	31.01%
Net Income Growth	91.82%	-20.36%	39.23%	23.98%	-173.25%	-69.91%	23.12%	-0.91%	346.43%	1,006.50%	31.01%
EPS Growth	91.53%	-16.67%	44.30%	30.11%	-185.00%	-67.14%	26.32%	0.00%	342.11%	895.65%	30.56%
Operating Cash Flow Growth	3,153.86%	-99.66%	264.98%	41.62%	19.35%	-29,905.59%	125.25%	45.20%	-24.45%	125.74%	-17.11%
Free Cash Flow Firm Growth	-162.68%	-119.45%	-108.48%	-136.57%	-142.65%	22.88%	-83.95%	-28.27%	51.02%	-338.72%	-591.30%
Invested Capital Growth	11.03%	13.47%	9.92%	13.23%	24.27%	7.04%	12.21%	12.89%	18.74%	37.31%	30.87%
Revenue Q/Q Growth	6.54%	4.53%	-2.66%	3.79%	1.50%	-1.13%	3.48%	1.34%	-0.19%	0.93%	-2.76%
EBITDA Q/Q Growth	-116.64%	514.60%	147.91%	4.30%	-136.59%	140.53%	676.96%	-15.90%	9.97%	67.59%	-18.95%
EBIT Q/Q Growth	-120.98%	428.75%	147.91%	0.89%	-137.83%	140.53%	655.02%	-16.36%	13.78%	67.59%	-18.95%
NOPAT Q/Q Growth	-119.30%	462.70%	68.29%	5.23%	-135.82%	147.44%	588.58%	-15.31%	13.50%	67.18%	-18.47%
Net Income Q/Q Growth	-120.71%	438.11%	68.29%	5.23%	-145.64%	137.23%	588.58%	-15.31%	13.50%	67.18%	-18.47%
EPS Q/Q Growth	-121.51%	450.00%	62.86%	6.14%	-147.11%	140.35%	526.09%	-15.97%	14.05%	65.94%	-17.90%
Operating Cash Flow Q/Q Growth	34.02%	-99.51%	24,287.06%	-11.77%	12.94%	-222.65%	284.30%	-43.13%	-41.24%	-58.22%	493.64%
Free Cash Flow Firm Q/Q Growth	-174.50%	28.43%	74.15%	-165.31%	-394.34%	77.25%	38.34%	-85.00%	-88.77%	-103.73%	2.84%
Invested Capital Q/Q Growth	-7.63%	9.81%	5.23%	6.08%	1.38%	-5.42%	10.32%	6.73%	6.63%	9.37%	5.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	-1.73%	6.88%	12.96%	13.03%	-4.70%	1.92%	14.45%	11.99%	13.21%	21.94%	18.29%
EBIT Margin	-2.19%	6.88%	12.96%	12.60%	-4.70%	1.92%	14.04%	11.59%	13.21%	21.94%	18.29%
Profit (Net Income) Margin	-1.64%	5.31%	9.19%	9.31%	-4.19%	1.58%	10.49%	8.77%	9.97%	16.52%	13.85%
Tax Burden Percent	75.09%	77.23%	70.88%	73.93%	89.19%	81.93%	74.72%	75.65%	75.47%	75.28%	75.73%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	22.77%	29.12%	26.07%	0.00%	18.07%	25.28%	24.35%	24.53%	24.72%	24.27%
Return on Invested Capital (ROIC)	-5.33%	17.65%	29.72%	29.64%	-10.96%	5.20%	32.67%	26.01%	28.62%	46.87%	36.55%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.72%	17.65%	29.72%	29.64%	-14.37%	5.20%	32.67%	26.01%	28.62%	46.87%	36.55%
Return on Net Nonoperating Assets (RNNOA)	-2.09%	5.74%	8.85%	8.31%	-4.17%	1.48%	8.42%	6.19%	6.46%	10.23%	7.31%
Return on Equity (ROE)	-7.41%	23.39%	38.56%	37.95%	-15.13%	6.68%	41.09%	32.20%	35.07%	57.10%	43.86%
Cash Return on Invested Capital (CROIC)	8.30%	3.40%	7.68%	5.44%	-5.54%	6.04%	1.97%	0.49%	5.17%	1.05%	5.66%
Operating Return on Assets (OROA)	-1.03%	3.66%	8.00%	6.68%	-2.72%	1.13%	8.95%	6.08%	7.25%	12.34%	10.64%
Return on Assets (ROA)	-0.77%	2.83%	5.67%	4.94%	-2.43%	0.93%	6.69%	4.60%	5.47%	9.29%	8.05%
Return on Common Equity (ROCE)	-7.41%	23.39%	38.56%	37.95%	-15.13%	6.68%	41.09%	32.20%	35.07%	57.10%	43.86%
Return on Equity Simple (ROE_SIMPLE)	23.86%	0.00%	20.93%	21.15%	18.22%	0.00%	15.79%	14.50%	24.72%	0.00%	33.49%
Net Operating Profit after Tax (NOPAT)	-5.51	20	34	35	-13	6.02	41	35	40	67	54
NOPAT Margin	-1.53%	5.31%	9.19%	9.31%	-3.29%	1.58%	10.49%	8.77%	9.97%	16.52%	13.85%
Net Nonoperating Expense Percent (NNEP)	0.39%	0.00%	0.00%	0.00%	3.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	102.19%	93.12%	87.04%	87.40%	104.70%	98.08%	85.96%	88.41%	86.79%	78.06%	81.71%
Earnings before Interest and Taxes (EBIT)	-7.88	26	47	48	-18	7.35	55	46	53	88	72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-6.25	26	47	50	-18	7.35	57	48	53	88	72
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.34	1.32	1.59	1.36	1.58	1.60	1.58	1.70	1.50	1.72	1.64
Price to Tangible Book Value (P/TBV)	1.34	1.32	1.59	1.36	1.58	1.60	1.58	1.70	1.50	1.72	1.64
Price to Revenue (P/Rev)	0.30	0.32	0.40	0.36	0.42	0.39	0.43	0.50	0.47	0.59	0.60
Price to Earnings (P/E)	5.62	6.72	7.59	6.43	8.66	10.11	9.98	11.76	6.09	5.18	4.89
Dividend Yield	4.76%	3.96%	3.05%	3.28%	2.75%	3.66%	3.25%	2.78%	2.93%	2.28%	2.25%
Earnings Yield	17.79%	14.87%	13.18%	15.54%	11.55%	9.89%	10.02%	8.51%	16.43%	19.30%	20.47%
Enterprise Value to Invested Capital (EV/IC)	0.23	0.34	0.60	0.58	0.66	0.92	0.70	0.80	0.62	0.88	0.67
Enterprise Value to Revenue (EV/Rev)	0.07	0.11	0.20	0.19	0.22	0.29	0.24	0.29	0.24	0.36	0.29
Enterprise Value to EBITDA (EV/EBITDA)	1.16	1.47	2.74	2.51	3.20	4.57	3.95	4.89	2.29	2.28	1.77
Enterprise Value to EBIT (EV/EBIT)	1.16	1.71	2.74	2.51	3.20	5.14	3.95	4.89	2.29	2.35	1.77
Enterprise Value to NOPAT (EV/NOPAT)	1.30	2.27	3.70	3.42	4.53	7.38	5.49	6.71	3.03	3.12	2.34
Enterprise Value to Operating Cash Flow (EV/OCF)	0.54	2.13	1.38	1.26	1.38	3.17	1.52	1.62	1.46	1.50	1.31
Enterprise Value to Free Cash Flow (EV/FCFF)	2.94	10.67	8.24	11.23	0.00	15.68	37.55	172.77	13.10	96.27	13.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.30	0.28	0.26	0.25	0.27	0.24	0.22	0.20	0.18	0.17
Long-Term Debt to Equity	0.34	0.30	0.28	0.26	0.25	0.27	0.24	0.22	0.20	0.18	0.17
Financial Leverage	0.37	0.33	0.30	0.28	0.29	0.28	0.26	0.24	0.23	0.22	0.20
Leverage Ratio	10.11	8.28	6.80	7.69	7.42	7.22	6.14	7.00	6.41	6.15	5.45
Compound Leverage Factor	10.11	8.28	6.80	7.69	7.42	7.22	6.14	7.00	6.41	6.15	5.45
Debt to Total Capital	25.32%	23.01%	21.83%	20.54%	20.22%	21.34%	19.31%	18.05%	16.90%	15.42%	14.64%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.32%	23.01%	21.83%	20.54%	20.22%	21.34%	19.31%	18.05%	16.90%	15.42%	14.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.69%	76.99%	78.17%	79.46%	79.78%	78.66%	80.69%	81.95%	83.10%	84.58%	85.36%
Debt to EBITDA	1.27	0.99	0.99	0.90	0.98	1.06	1.09	1.11	0.62	0.40	0.39
Net Debt to EBITDA	-3.85	-2.89	-2.88	-2.21	-2.92	-1.69	-3.24	-3.68	-2.31	-1.50	-1.92
Long-Term Debt to EBITDA	1.27	0.99	0.99	0.90	0.98	1.06	1.09	1.11	0.62	0.40	0.39
Debt to NOPAT	1.42	1.53	1.33	1.22	1.39	1.72	1.51	1.52	0.82	0.55	0.51
Net Debt to NOPAT	-4.32	-4.46	-3.89	-3.01	-4.13	-2.73	-4.49	-5.04	-3.05	-2.06	-2.54
Long-Term Debt to NOPAT	1.42	1.53	1.33	1.22	1.39	1.72	1.51	1.52	0.82	0.55	0.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-46	-33	-8.44	-22	-111	-25	-16	-29	-54	-110	-107
Operating Cash Flow to CapEx	6,943.93%	29.77%	2,552.83%	4,959.80%	4,986.36%	-11,515.80%	15,334.07%	10,905.85%	5,446.86%	2,460.38%	10,040.34%
Free Cash Flow to Firm to Interest Expense	0.00	-9.99	-5.20	0.00	-68.36	-7.78	0.00	0.00	-33.81	-22.92	-67.27
Operating Cash Flow to Interest Expense	0.00	0.10	51.12	0.00	51.03	-31.33	0.00	0.00	38.94	5.41	97.07
Operating Cash Flow Less CapEx to Interest Expense	0.00	-0.25	49.12	0.00	50.01	-31.60	0.00	0.00	38.23	5.19	96.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.53	0.62	0.53	0.58	0.59	0.64	0.52	0.55	0.56	0.58
Fixed Asset Turnover	23.65	25.12	26.02	26.97	27.62	27.50	27.66	28.23	28.54	28.58	28.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	404	443	466	495	502	474	523	559	596	652	685
Invested Capital Turnover	3.48	3.32	3.23	3.18	3.33	3.30	3.11	2.97	2.87	2.84	2.64
Increase / (Decrease) in Invested Capital	40	53	42	58	98	31	57	64	94	177	162
Enterprise Value (EV)	94	151	282	285	330	435	366	446	371	571	459
Market Capitalization	404	449	579	535	631	596	666	780	745	948	957
Book Value per Share	$10.02	$11.69	$12.59	$13.67	$14.05	$13.20	$15.03	$16.27	$17.48	$19.65	$20.88
Tangible Book Value per Share	$10.02	$11.69	$12.59	$13.67	$14.05	$13.20	$15.03	$16.27	$17.48	$19.65	$20.88
Total Capital	404	443	466	495	502	474	523	559	596	652	685
Total Debt	102	102	102	102	101	101	101	101	101	100	100
Total Long-Term Debt	102	102	102	102	101	101	101	101	101	100	100
Net Debt	-311	-298	-297	-250	-301	-161	-300	-335	-374	-377	-498
Capital Expenditures (CapEx)	1.00	1.14	3.25	1.48	1.66	0.88	1.22	0.97	1.15	1.06	1.54
Net Nonoperating Expense (NNE)	0.40	0.00	0.00	0.00	3.48	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	102	102	102	102	101	101	101	101	101	100	100
Total Depreciation and Amortization (D&A)	1.63	0.00	0.00	1.62	0.00	0.00	1.61	1.61	0.00	0.00	0.00
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.20)	$0.70	$1.17	$1.24	($0.57)	$0.23	$1.48	$1.25	$1.43	$2.40	$1.96
Adjusted Weighted Average Basic Shares Outstanding	29.62M	29.83M	28.87M	28.60M	28.36M	28.50M	28.09M	27.97M	27.85M	27.89M	27.65M
Adjusted Diluted Earnings per Share	($0.20)	$0.70	$1.14	$1.21	($0.57)	$0.23	$1.44	$1.21	$1.38	$2.29	$1.88
Adjusted Weighted Average Diluted Shares Outstanding	29.62M	30.15M	29.40M	29.31M	28.36M	29.27M	28.78M	29.07M	28.81M	28.96M	28.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.19M	28.97M	28.76M	28.48M	28.29M	28.10M	28.14M	28.32M	28.05M	28.01M	27.91M
Normalized Net Operating Profit after Tax (NOPAT)	-5.51	20	34	35	-13	6.02	41	35	40	67	54
Normalized NOPAT Margin	-1.53%	5.31%	9.19%	9.31%	-3.29%	1.58%	10.49%	8.77%	9.97%	16.52%	13.85%
Pre Tax Income Margin	-2.19%	6.88%	12.96%	12.60%	-4.70%	1.92%	14.04%	11.59%	13.21%	21.94%	18.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	7.93	29.28	0.00	-11.19	2.27	0.00	0.00	32.92	18.35	44.95
NOPAT to Interest Expense	0.00	6.12	20.75	0.00	-7.84	1.86	0.00	0.00	24.85	13.82	34.04
EBIT Less CapEx to Interest Expense	0.00	7.58	27.27	0.00	-12.22	2.00	0.00	0.00	32.21	18.13	43.98
NOPAT Less CapEx to Interest Expense	0.00	5.77	18.75	0.00	-8.86	1.59	0.00	0.00	24.13	13.60	33.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.78%	34.85%	30.07%	27.27%	30.72%	37.89%	33.77%	33.75%	18.26%	12.12%	11.36%
Augmented Payout Ratio	60.90%	67.81%	64.84%	58.17%	55.18%	75.07%	59.86%	63.24%	37.23%	24.35%	26.43%

Financials Breakdown Chart

Key Financial Trends

Universal Insurance Holdings (NYSE: UVE) delivered a mixed start to 2026, with solid profitability and strong operating cash flow in Q1, but also noticeable pressure in underwriting and a step down in cash generation versus late 2025. Over the past four years, the company’s results show a pattern of recovery after a weak 2022-2023 period, followed by stronger 2025 performance and then a softer Q1 2026.

Q1 2026 net income came in at $54.3 million, up from $39.8 million in Q3 2025, showing continued profitability.
Operating cash flow was still strong at $154.8 million in Q1 2026, indicating the core business is generating real cash.
The balance sheet remains liquid, with $595.8 million in cash and $1.52 billion in trading securities at the end of Q1 2026.
Total equity increased to $584.7 million in Q1 2026 from $495.0 million in Q3 2025, reflecting improved retained earnings.
Premiums earned remained resilient at $356.9 million in Q1 2026, only modestly below the prior quarter’s level.
UVE continues to rely heavily on investment income and realized gains, which helped support revenue across the periods shown.
The company has been repurchasing shares and paying dividends consistently, which supports shareholder returns but also uses cash.
Long-term debt stayed fairly stable around $100 million to $103 million, so leverage does not appear to be changing dramatically.
Q1 2026 pre-tax income fell to $71.7 million from $88.5 million in Q4 2025, showing some earnings pressure quarter over quarter.
Underwriting costs worsened: claims and claim expense were $228.1 million in Q1 2026, and total non-interest expense remained elevated at $320.3 million.
Cash and equivalents declined by $34.3 million in Q1 2026 after a much larger gain in Q4 2025, suggesting cash flow was less favorable than the headline operating number implies.
The company’s liability base is large, with $2.18 billion in total liabilities versus $584.7 million in equity, so investors should keep an eye on reserve and underwriting risk.

Looking at the broader trend, UVE appears to have moved out of the weak stretch seen in 2022 and 2023, when net income was sometimes negative and cash flow was volatile. By 2025, results improved materially, including much stronger operating cash flow and earnings. Q1 2026 suggests the business is still profitable and liquid, but underwriting margins are not as strong as the best recent quarters.

For retail investors, the key takeaway is that UVE looks financially stable and cash-generative, but not without earnings volatility. If claims costs stay elevated or investment performance weakens, profits could come under pressure. On the other hand, continued premium growth, strong liquidity, and share repurchases could support the stock if underwriting improves.

06/22/26 12:41 AM ETAI Generated. May Contain Errors.

Universal Insurance Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Universal Insurance's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Universal Insurance's net income appears to be on a downward trend, with a most recent value of $182.95 million in 2025, rising from $106.48 million in 2015. The previous period was $58.93 million in 2024. See Universal Insurance's forecast for analyst expectations on what's next for the company.

Over the last 10 years, Universal Insurance's total revenue changed from $546.54 million in 2015 to $1.60 billion in 2025, a change of 192.3%.

Universal Insurance's total liabilities were at $2.29 billion at the end of 2025, a 7.3% decrease from 2024, and a 226.7% increase since 2015.

In the past 10 years, Universal Insurance's cash and equivalents has ranged from $105.73 million in 2016 to $408.87 million in 2025, and is currently $408.87 million as of their latest financial filing in 2025.

Over the last 10 years, Universal Insurance's book value per share changed from 8.23 in 2015 to 19.65 in 2025, a change of 138.6%.

Related Companies

Financial statements for NYSE:UVE last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Universal Insurance (UVE) Financials

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Universal Insurance (UVE) Financials

Annual Income Statements for Universal Insurance

Quarterly Income Statements for Universal Insurance

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Quarterly Cash Flow Statements for Universal Insurance

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Quarterly Balance Sheets for Universal Insurance

Annual Metrics And Ratios for Universal Insurance

Quarterly Metrics And Ratios for Universal Insurance

Financials Breakdown Chart

Key Financial Trends

Universal Insurance Financials - Frequently Asked Questions

When does Universal Insurance's financial year end?

How has Universal Insurance's net income changed over the last 10 years?

How has Universal Insurance's revenue changed over the last 10 years?

How much debt does Universal Insurance have?

How much cash does Universal Insurance have?

How has Universal Insurance's book value per share changed over the last 10 years?

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